SINGAPORE – Workers and employers in the retail sector have welcomed the progressive wages being studied by the Government. But some retailers may find it harder to implement a progressive wage model (PWM) than others. “We reckon the PWM when implemented may impact heartland shops more as they may not be able to compete,” said Singapore Retailers […]
Read MoreBusinesses may have several additional months before they have to pay income tax and land use fees, said a proposal by the Ministry of Finance (MoF) to the Government. The ministry purposed a five-months extension for business VAT tax, a three-month extension for income tax (for certain businesses only) and land use fees, which may […]
Read MoreAlthough hiring activities dipped 37% during 2020, 33% of companies in Thailand now say they will increase their workforce in 2021 while 32% plan to maintain their current staffing levels, according to a survey by recruitment firm Michael Page Thailand. According to the report, 67% of employed technology professionals in Thailand anticipate looking for new […]
Read MoreAll taxpayers in the self-assessment tax bracket have been instructed to submit their annual income tax via electronic filing (ToI E-Filing) from next month on, according to an announcement by the General Department of Taxation (GDT). The instruction for ToI E-Filing letter number 3140, was signed by Kong Vibol, minister attached to prime minister, who […]
Read MoreVietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices. Rising global commodity prices could lead to the return of inflation in Vietnam with an estimated rate of 3.5% year-on-year in 2021, 0.3 percentage points higher than the 3.2% inflation rate last year, but […]
Read MoreThe second wave of Covid-19, drought and a labour shortage, particularly of high-tech and digital skill groups are tipped to haunt Thailand’s employment prospects this year. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the Covid-19 crisis will affect entrepreneurs who have not yet recovered if there is a new […]
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